UK inflation live: Inflation fell to 3.2% in November

US stock futures have edged lower following a rally on Wall Street, which was buoyed by a softer Consumer Price Index (CPI) report. This development indicates a cautious market response as investors digest the implications of inflation data on future economic conditions.

UK consumer sentiment has risen to its joint-highest level of the year, according to GfK, indicating a positive shift in consumer confidence amidst ongoing economic challenges. This increase suggests that consumers are feeling more optimistic about their financial situations and future spending intentions.

UK car production has stabilized, with Jaguar Land Rover (JLR) showing signs of recovery and Nissan initiating electric vehicle (EV) production at its Sunderland plant. This development follows Nissan's investment of over £450 million, which includes £300 million directly into the UK automotive sector.

Overseas holdings of US Treasuries fell in October, primarily due to China reducing its stockpile, while Japan and the UK experienced increases in their holdings. This decline reflects a shift in foreign investment patterns and potential concerns regarding the stability of US debt instruments.

The Trump family has entered into a significant deal with TAE Technologies, a fusion energy firm, which includes a joint venture with the UK government's atomic laboratory. This partnership aims to advance nuclear fusion technology, reflecting a growing interest in sustainable energy solutions.

Gold and silver prices experienced a recovery after the release of the November Consumer Price Index (CPI) report, which provided insights into inflation trends. This recovery follows a period of volatility in the precious metals market, where both metals had faced losses prior to the report's release.

UK inflation has decreased from record highs but remains above the Bank of England's target of 2%, with recent figures showing a rate of 3.6% as of October. Despite this drop, food prices have continued to rise, indicating persistent inflationary pressures in certain sectors.

U.S. consumer inflation rose by 2.7% in November, a figure that was lower than many analysts had anticipated. This increase follows a period of uncertainty due to a government shutdown that affected data collection, raising questions about the accuracy of the reported figures.